When Google took over YouTube in 2006, they paid 1 billion dollar too much, says Eric Smidt, Google’s CEO. Smidt estimated the value of YouTube by 600 million till 700 million dollar, but Google paid 1,65 billion dollar to beat their competitors, despite of the warning of some critics, who said YouTube wasn’t profitable enough. It’s twice painful because it happened just before the worldwide bank and financial crises. However, Google is a big company and in 2008 it had a turnover of circa 28,5 billion dollars, but 1 billion dollar is still a serious amount in this times.
Valentijn Deltour
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When Google took over YouTube in 2006, they paid 1 billion dollar too much, says Eric Smidt, Google’s CEO. use quotation marks when you use someone's words literally Smidt estimated the value of YouTube by by --> at 600 million till 700 million dollar, but Google paid 1,65 billion dollar to beat their competitors, despite of drop the 'of' the warning of some critics, who said YouTube wasn’t profitable enough. It’s twice as painful because it happened just before the worldwide bank and financial crises. However, Google is a big company and in 2008 it had a turnover of circa 28,5 billion dollars, but 1 billion dollar is still a serious amount in this times these times .
Make this seem more newsworthy! The takeover was in 2006, but this news is just out, so state that.
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